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Your 2022 taxes
TAX FILING and EXTENSION DEADLINES
Tax season officially begins on Monday, January 23, 2023 for filing your 2022 tax year returns.
For individual taxpayers across the nation, Tax Day is Tuesday, April 18, 2023, since April 15th is on Saturday and the District of Columbia is celebrating Emancipation Day on Monday, April 17th. This is the date that your tax return must be submitted electronically (e-filed) or post-marked to be considered filed on time by the IRS. If you request an extension, however, you must file your return by Monday, October 16, 2023.
State agencies may have different filing deadlines since they do not automatically adopt the Federal regulations. Please refer to the State Tax Resources page for further information.
There are various tax relief deadline extensions for individual and business taxpayers impacted by disaster situations (such as designated severe storms, hurricanes, flooding and wildfires) based on FEMA’s disaster declarations.
For businesses, Forms W-2s and 1099s are due by January 31, 2023.
STATE “STIMULUS AND REBATE CHECKS”
The third Federal economic stimulus payments were mailed out in 2021 and reconciled on your 2021 tax return. A number of states helped fill the federal economic void with their own relief payments in 2022. If you did not receive a state stimulus or rebate payment during 2022, some states are still sending them out.
SECURE 2.0
On December 29, 2022, the Securing a Strong Retirement Act of 2022, known as SECURE2.0, was signed into law after two years of negotiations and fine tuning. It is intended to improve access to retirement plans for employers and employees. It should increase access to retirement plans, provide incentives to save for retirement and entice small businesses to offer such plans.
INFLATION REDUCTION ACT (IRA) OF 2022
The Inflation Reduction Act (IRA) of 2022 became law on August 16, 2022. It provides for investment in domestic energy production and manufacturing and reduction of carbon emissions by 2030. It also allows Medicare to negotiate drug prices.